China New Credit to have Increased in April

Published: May 9, 2023 15:42

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A barrage of China’s financial data will be announced soon.

Industry experts said that after the strong supply of credit in the first quarter, the absolute scale of new credit in April is expected to decline, but corporate medium and long-term loans are still the main support.

Considering the current strong momentum of service consumption and the support of short-term loans for residents, it is expected that new credit in April will continue to increase year-on-year.

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